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US VC exit activity via IPO

Mayfield FundFebruary 2026
US VC exit activity via IPO
Chart by Mayfield Fund. Source: mayfield.com

This chart tracks US venture capital exit activity via IPO from 2015 through 2025, showing both total exit value in billions of dollars and total exit count. IPO exit value reached an all-time high in 2021 at $518.2 billion across 198 exits before declining sharply in 2022.

LabelValue shown on the chart
2015 Exit value$31.5B
2016 Exit value$13.4B
2017 Exit value$52.6B
2018 Exit value$54.9B
2019 Exit value$181.1B
2020 Exit value$177.9B
2021 Exit value$518.2B
2022 Exit value$6.7B
2023 Exit value$26.0B
2024 Exit value$41.4B
2025 Exit value$116.7B

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